Star Health Medi Classic Plan

Star Health’s Medi Classic Plan is a health insurance plan available for individuals as well as their families. The plan provides the basic coverage features and also restores the Sum Insured if it is exhausted in any policy year. There are optional add-on covers also which can be opted to make the plan more comprehensive.

Key features of the plan

The plan has an auto restoration feature where the Sum Insured is restored back by 200% if it is exhausted in any policy year.

Free health check-ups are allowed every 4 years of the policy

AYUSH treatments are also covered under the plan

Patient Care and Hospital Cash are additional coverage features which can be taken by paying an additional premium. Moreover, the policyholder can also opt for new born baby cover.

HIV positive individuals can also buy the policy if their CD 4 count is more than 350.

No pre-entrance health check-ups are required up to 50 years of age.

How does the plan work?

Step 1 – The policyholder chooses the Sum Assured, the policy term and the members covered.

Step 2 – The policyholder can also choose any additional coverage from the optional benefits available.

Step 3 – If the covered member (s) face any medical contingency and the related expenses are covered by the plan the expenses incurred are paid by the plan.

Step 4 – If the plan matures and no medical contingencies occur, no benefit is paid.

Example

Ritwik buys Medi Classic Plan for Sum Insured of Rs.5 lakhs for himself and his wife.

Option 1 – His wife is hospitalized and they incur a bill of Rs.10 lakhs. Rs.5 lakhs is paid by the plan and the Sum Insured is restored back to pay the remaining Rs.5 lakhs.

Premium Illustration

Below are the sample rates of premium payable by a non-smoking male living in Mumbai for different combinations of age and members covered. The policy is taken for 1 year and the Sum Inusred is Rs.3 lakhs.

The limit on cataract treatments depends on the Sum Insured chosen. If the Sum Insured is up to Rs.2 lakhs, the limit is Rs.12, 000 per person per policy period. If the Sum Insured is Rs.3-5 lakhs, the limit is Rs.20, 000/eye per person up to a maximum of Rs.30, 000. For Sum Insured more than Rs.5 lakhs, the limit is Rs.30, 000/eye per person up to a maximum of Rs.40, 000

Yes, co-pay is applicable in policies where the life insured is aged 60 years and above. The rate of co-pay is 10%. In case of any claim, 10% of the expenses incurred should be paid by the policyholder himself.